- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Uncodified Acts
- RIS Users (account required)
- Bills & Resolutions
- Bill Summaries
- Reports to the General Assembly
House and Senate documents
Developed and maintained by the Division of Legislative Automated Systems.
HB 2098 Tangible personal property; miscellaneous and incidental property.
SUMMARY AS PASSED HOUSE: (all summaries)
Tangible personal property; miscellaneous and incidental property. Declares miscellaneous and incidental property used in a trade or business with an original cost of less than $250 as a separate classification of tangible personal property, thereby permitting localities to impose a lower tax rate on such property. The bill also authorizes localities to permit taxpayers to provide an aggregate estimate of the total value of such property instead of an itemized list. This bill is identical to SB 1127.